Aberdeen’s adjusted operating profit (AOP) has increased by 21% year-on-year in the six months to £151m, although its share price dropped by over 5% after it recorded net outflows of £3bn.

In this period, the FTSE 100 wealth and investment company saw its operating revenue increase by 2% to £643m, while its profit before tax rose by 2% to £276m. This includes gains of £100m from the change in fair value from its Standard Life stake and lower restructuring and corporate transaction expenses.

Furthermore, its assets under management and administration also jumped by 4% to £579.4bn, and its adjusted diluted earnings per share increased from 7.5 pence to 8.2 pence year-on-year.

On its interactive investor platform, its AOP increased by 18% to £84m, with net operating revenue rising by 22% to £173m, following continued strong organic growth.

Meanwhile, in its investments division, AOP increased by 9% to £38m, while its adviser division’s AOP remained relatively flat, falling from £42m to £41m year-on-year.

Aberdeen said that it has continued its positive trajectory in this period, and its markets have proven resilient, despite major geopolitical events.

CEO at Aberdeen, Jason Windsor, stated: "In a dynamic market, the Group produced a strong performance.

"interactive investor performed very strongly, delivering record net inflows in the first half of the year, with customer numbers up by 14% to 525,000. With clear plans to further deepen customer engagement in a fast growing and attractive market, I am excited by the significant momentum we have in the UK D2C market.

"In Adviser, adjusted operating profit was broadly stable on H1 last year at £41m. We have made significant improvements to service, the proposition and client experience, however we have more work to do to achieve growth in flows. Rich Denning, the new CEO, is focused on actions to drive sustainable and profitable growth in the business.

"Within Investments, focus on efficiency helped to drive a 9% increase in adjusted operating profit to £38m. We have continued to see improvements in investment performance, and we are seeing positive momentum across a number of our specialist areas which, together with a number of bolt-on acquisitions, will support future earnings growth.”

In its outlook, Aberdeen said its focus for the second half is on “delivering more” for its customers and achieving its 2026 targets.

It said it is confident in delivering its targets of at least £300m in AOP and around £300m in net capital generation in the full year.

Aberdeen is also targeting net capital generation of between 5% and 10% per annum in the medium term, absent of any major market irregularities.

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